Recourse vs. non-recourse
With recourse factoring, you're on the hook if the broker never pays. Non-recourse shifts that risk to the factor, usually for a higher fee. Read the contract before you sign either.
Factoring
Get paid on your terms, not the broker's.
Factoring turns an invoice you're owed into cash today instead of in 30, 60 or 90 days. We don't factor invoices ourselves — we're a dispatch service, not a finance company — but we prepare the paperwork that gets your invoice accepted the first time, and we can point you toward factoring companies carriers actually use.
We are not a factor, and we're not a lender.
Fordine Solutions never purchases your invoices, never advances funds against a load, and
never extends credit. What we do is prepare a clean packet and, if you'd like it,
an introduction to an independent factoring company. Read the full
disclosures.
The basics
What factoring actually is.
You haul the load, the broker owes you money on their standard terms — often 30 days or more. A factoring company buys that invoice from you at a discount and pays you most of it right away. When the broker eventually pays, they pay the factor, not you.
Advance rate & fee
Factors typically advance somewhere in the 90–97% range up front and hold the rest as a reserve, minus a factoring fee. Rates vary by factor, your freight mix and your history with them.
Notice of assignment
Once you factor with a company, brokers are told to pay the factor directly. Your dispatcher and your factor both need the paperwork to route correctly, every load.
Where we fit in
We're not your factor. We're the reason your factor stops rejecting your invoices.
A factor kicks back an incomplete submission and your cash sits another day. Most of what slows an invoice down is paperwork, not the load itself — which is exactly the part we already handle for every carrier we dispatch.
Clean packets, every time
Signed rate confirmation, BOL, PODs and accessorial backup, assembled and matched to the load before it ever reaches your factor's inbox.
Notice of assignment handled
We keep your factor's NOA on file and route rate confirmations so brokers are billed correctly from the first load, not the third.
An introduction, if you want one
Don't have a factor yet? We can point you to companies other carriers we work with use — you decide who to sign with, and on what terms.
Straight answer
What we won't do, and why.
Outside what we do
Purchasing or discounting your invoicesWe're not a factor
Advancing you money against a loadNot a lender
Setting your factor's rates or termsThat's between you and them
Preparing your invoice packetIncluded with dispatch
Questions carriers ask
Factoring, straight answers
No. We never purchase, discount or advance funds against an invoice. We're a dispatch service, and factoring is a separate finance activity we don't hold ourselves out as providing.
We can introduce you to factoring companies other carriers we work with use. What company you sign with, and on what terms, is entirely your decision — read the contract, ask about recourse vs. non-recourse, and confirm the fee before you commit.
If we ever receive a referral fee from a factoring company for introducing you, we tell you before you sign with them. See our disclosures for how we handle compensation from third parties generally.
Not at all. Send us your factor's notice of assignment during onboarding and we'll route rate confirmations and invoice packets to them the same way we would for any other factor.
Usually, yes — that's the point of it — but the exact turnaround, advance rate and fee are set by the factoring company you choose, not by us. Ask them directly what to expect before you sign.
Get dispatched, and stop chasing your own paperwork.
Whoever you factor with, we'll make sure they get a clean packet on every load — signed rate con, BOL, PODs and accessorial backup, without you having to assemble it yourself.
Fordine Solutions is a dispatch service, not a factoring company. We are not a lender and do not advance funds against your invoices.